Forbes, New South Wales

Historic freehold hotel in Forbes, NSW, offering multiple revenue streams | Resort Brokers ID : FH007822

$1,200,000

Business Description

ResortBrokers is excited to exclusively present to market the freehold going concern for the thriving Vandenberg Hotel in the heart of Forbes, NSW.

Situated in the town centre, across from Victoria Park and other historic buildings like the courthouse, the hotel was built after the gold rush, which played a significant role in Forbes’ growth.

The hotel features two separate bars, one of which was formerly the stables, serving the rear courtyard and hosting private functions. It also has a commercial kitchen that caters to hotel and café guests on the western side of the building. Additionally, the hotel offers 14 accommodation rooms of various sizes, with some opening onto a meticulously maintained verandah spanning the length of the building.

This property is suitable for industry newcomers and experienced operators seeking to expand their portfolio. The financial information attached to this hotel does not fully reflect its true trading potential, and the accountant-verified figures provide a more accurate representation of the hotel’s current position.

- Recently undergone a full intenal and external renovation
- Brand new POS system and entertainment equipment
- Projected FY23 net profit of $335,803
- Two bars, commercial kitchen servicing bistro and cafe
- 14 well-appointed accommodation rooms
- Central location in Forbes town centre
- Inspections by appointment only
Date updated: 26 Nov 2023 22:00:08

Business Summary

Business Snapshot

Price: $1,200,000 Net Profit: $335,803

Marketing Agent

Chris Kelly

ResortBrokers

Key Investment Insights

1. The Vandenberg Hotel is a historic freehold property located in the heart of Forbes, NSW.
2. The hotel has undergone a recent full internal and external renovation, making it an attractive investment opportunity.
3. The property offers multiple revenue streams, including two bars, a commercial kitchen, and 14 well-appointed accommodation rooms.
4. The hotel is centrally located in the town centre, close to other historic buildings and attractions.
5. The financial information provided does not fully reflect the hotel's true trading potential, and the accountant-verified figures offer a more accurate representation.
6. The property is suitable for both industry newcomers and experienced operators looking to expand their portfolio.
7. The hotel has a projected net profit of $335,803 for the financial year 2023.
8. The hotel features a brand new POS system and entertainment equipment, making it a modern and well-equipped establishment.
9. The two bars, commercial kitchen, and accommodation rooms provide a diverse range of income streams for the hotel.
10. Inspections of the property are available by appointment only.

ROI Estimate: 27.98%